As part of its continued support of UNICEF, Access Bank Group, along with 5th Chukker, The Access Bank UK and Access Private Bank hosted the ‘Access Bank Polo Day’ at the Guards Polo Club, Windsor on Saturday 14th July 2018.
This year the event was attended by over 750 esteemed guests and raised an incredible $2.2 million that will fund 46 classrooms for circa 1,840 children in Northern Nigeria via a UNICEF project, for the next five years.
The day was filled with two exciting polo matches between Fifth Chukker, Delaney, Keffi Ponies and Shoreline. The event follows on from Access Bank/UNICEF Charity Shield Polo Tournament which is now in its eleventh year.
The Emir’s Cup was won by the Shoreline team represented by Tunde Karim, Kola Karim, Santiago de Estrada and Guillermo Terrera against Keffi Ponies. Tunde Karim received the Access Bank Most Valuable Player for this match.
For the Access Bank Charity Cup Adamu Atta teamed up with Diego Cavanagh and Adolfo Cambiaso Senior and Cambiaso Junior in the colours of the Access Bank Fifth Chukker team and won against the Delaney team, narrowly winning the game 5-4. Poroto Cambiaso was later named the Access Bank Most Valuable Player, whilst one of his ponies, Arroba Moonshine was named Access Bank Best Playing Pony.
His Eminence The Emir of Kano, who had watched both games from the Access Bank’s exclusive lawn, presented the prizes. After the prize giving, guests adjourned to the marquee for an enjoyable celebration accompanied by a performance by Timi Dakolo.
The event was a huge success and its sponsorship provides a platform for supporting orphaned and vulnerable children in Nigeria. It was organised by Access Private Bank, a division of The Access Bank UK Limited which has just published its Report and Financial Statements for the year ended December 31, 2017. The Bank has recorded yet another year of significant growth, achieving and exceeding target for all the main growth areas. Operating income was up 45% year-on-year to £36.2m, with all four strategic business units performing well. Pre-tax profits overall grew by a substantial 76% to £22m and the return on equity rose to 16.6%, up from 13.54% in 2016.
Trade Finance revenues increased year-on-year by 15% to £19.8m whilst Commercial Banking team achieved an increase of 113% year-on-year to £11.5m. Asset Management and Private Banking incomes rose by 15.3% to £1.5m. The Bank continued expanding the depth and breadth of the services in the recently opened office in Dubai and in its first full year trading it has delivered income of £671k covering all of its Direct Costs.
Jamie Simmonds commented on the recently published results: “The Access Bank UK continues to build the trust and loyalty of our customers by providing consistent support throughout a period when the business environment in key markets has often been extremely challenging. In doing so, we have developed even stronger relationships with our existing customers whilst also attracting new ones, creating a solid platform for further growth in an improving economic environment”.
Herbert Wigwe added: “This year marks the end of The Access Bank UK’s 9th full year of trading during which time the Bank has gone from strength to strength, routinely meeting and often exceeding all its annual growth targets despite the long-lasting worldwide financial and economic challenges arising from the global crisis of 2008. The Bank’s vision is to be the World’s Most
Respected African Bank and we are pleased to be named in 2017 as the Best Africa Trade Finance Bank for the second consecutive year by the influential London based Capital Finance International journal CFI.co. Looking forward to 2018 we are well prepared to take advantage of an improving economic outlook, in our market place and we are confident The Access Bank UK will continue to make good progress as we embark on our third five-year plan with the declared aim of helping to establish Access Bank Group as ‘Africa’s Gateway to the World’.”